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Quarterly Report For The Financial Period Ended 30 September 2016

Financials Archive

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Condensed Consolidated Statement Of Profit And Loss And Other Comprehensive Income
For The 3rd Quarter Ended 30 September 2016

Condensed Consolidated Statement Of Financial Position
As At Ended 30 September 2016

Review of Performance

Comparison between Current Financial Quarter / Year-to-date Ended 30 September 2016 and Previous Corresponding Quarter / Year-to-date Ended 30 September 2015

A summary of the Group's performance is set out below:-

Technical Assembly Services Division

There were no orders in the current quarter ended 30 September 2016.

Surface Treatment & Precision Cleaning Division

Revenue for the current quarter increase as compared to the preceding year corresponding quarter mainly due to the inclusion of newly acquired DWZ group and increase in cassette cleaning volume. Gross profit margin increased from 19.41% to 30.43% mainly due to improve cost structure through increase leverage on DWZ resources.

Overall, the Group reported a profit before tax of RM1.60 million as compared to a loss before tax of RM0.24 million in the previous year corresponding quarter.

Comparison between Current Period-to-date Ended 30 September 2016 and Previous Corresponding Period-to-date Ended 30 September 2015

Technical Assembly Services Division

There were no orders in the current period ended 30 September 2016.

Surface Treatment & Precision Cleaning Division

Revenue from Surface Treatment & Precision Cleaning for the current period increased by approximately 69.13% as compared to the preceding year corresponding period mainly due to the inclusion of newly acquired DWZ group and an increase in component cleaning volume. Gross profit margin increased from 16.33% to 23.90% mainly due to improve cost structure through increase leverage on DWZ resources.

Overall, the Group reported a profit before tax of RM0.27 million as compared to a loss before tax of RM2.48 million in the previous year corresponding period.

Material Changes in the Quarterly Results as Compared with the Immediate Preceding Quarter

Technical Assembly Services Division

There were no orders in the current quarter ended 30 September 2016.

Surface Treatment & Precision Cleaning Division

The Group's revenue from Surface Treatment & Precision Cleaning for current financial quarter has increased by 8.70% as compared to the immediate preceding quarter. The increase in sales is across all cleaning services.

Gross profit margin for the surface treatment and precision cleaning division increased from 23.46% to 30.43% mainly due to increase in the higher margin Cleanroom assembly services.

Overall, the Group registered a profit before tax of RM1.60 million as compared to a loss before tax of RM0.23 million in the immediate preceding quarter.

Future Prospects

The group has been consolidating positively over the past quarters. While the outlook remain fragile, we expect the 2nd half year performance to be positive.

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